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Morning Wire

Supreme Court Cases to Watch | Sunday Extra

Oct 8, 2023
09:52
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The podcast discusses upcoming Supreme Court cases that could have a widespread effect, including a potential wealth tax, bankruptcy protection limits, and administrative regulations. They delve into the Loper Bright Enterprises v. Ramondo case challenging the Chevron deference doctrine. They also cover the Purdue Pharma bankruptcy and its impact on the Sackler family, as well as a case on taxation of unrealized gains of foreign corporations.
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Quick takeaways

  • The Supreme Court is considering cases that could have a far-reaching impact on regulated industries by potentially overturning the Chevron Doctrine and challenging the balance of power between administrative agencies and the court system.
  • The Supreme Court is examining a bankruptcy case involving the Sackler family, which raises questions about the validity of non-debtor releases in Chapter 11 of the bankruptcy code and has broader implications for future bankruptcy cases.

Deep dives

Administrative Law Issues: Chevron Doctrine and Wealth Tax

One of the key areas of focus for the Supreme Court this term is administrative law issues. Two important cases on the docket are centered around the Chevron Doctrine and the constitutionality of a potential wealth tax. The Chevron Doctrine involves whether courts should defer to administrative agencies' interpretations of ambiguous statutes. The Loper Bright case challenges a regulation that required New England fisheries to pay for fishing monitors, raising questions about the balance of power between agencies and the court system. If the Supreme Court overturns the Chevron Doctrine, it would have far-reaching consequences across all regulated industries. Another noteworthy case is More v. United States, which examines the legality of a one-time tax on unrealized gains and may set the stage for future discussions on a wealth tax.

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